Insider TradingJun 17, 2026, 04:42 AM
Magnum Ice Cream Grants Options to PDMRs Under Foundation Plan
AI Summary
Magnum Ice Cream Company N.V. announced the grant of options to 11 Persons Discharging Managerial Responsibilities (PDMRs) under its new Foundation Plan for Growth. This plan is designed to incentivize substantial foundational work, ensure executive investment in the company's success, and align rewards with long-term value creation for stakeholders. The options, with an exercise price of EUR15.33, GBP13.23, or USD17.82 depending on the transaction currency, will vest 50% after three years and the remaining 50% after four years, contingent on the company's Total Shareholding Return exceeding the sector peer group median.
Key Highlights
- CEO Peter ter Kulve granted 2,362,060 options at EUR15.33, valued at EUR36.21 million.
- CFO Abhijit Bhattacharya granted 1,330,010 options at EUR15.33, valued at EUR20.39 million.
- CHRO Ronald Schellekens granted 1,071,235 options at GBP13.23, valued at GBP14.17 million.
- President Americas Gerardo Rozanski granted 836,848 options at USD17.82, valued at USD14.91 million.
- Options vest 50% after three years and 50% after four years, subject to TSR performance.
- The Foundation Plan aims to incentivize long-term value creation and executive investment.
- Malus and clawback provisions apply to all awards granted under the plan.
Price Impact
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